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Snap Board Member to Step Down

One of Snap’s longest serving board members, Benchmark partner Mitch Lasky, is expected to step off the board of Snap in August, say several people with knowledge of the situation. Lasky, who has been on the board of Snap since late 2012, is not expected to stand for re-election when the company holds its annual meeting. The meeting is expected to be held in early August. (Lasky didn’t respond to a request for comment. A spokesman for Snap said in an email: “We are grateful for our strong, independent board and the guidance and oversight they provide.”)

It’s not uncommon for VC investors to step down from a board once a company goes public, so it’s debatable how significant is his departure. But Evan Spiegel’s relationship with the board has been shaky over the years and some people close to the company say he hasn’t always been willing to rely on them for advice. If Snap continues to struggle with slow growth then the board’s role at the company will start to take on more importance. This will be one to watch.

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